Posts by Stephanie Irvin
Ultra rich turn Vietnam into a new hot spot for luxury yachts
[BRISBANE] After making a fortune in coal mining and thermal power with his Dong Hai, Pham Van Toan wanted to try something different and shifted his investments towards luxury ventures three years ago. That includes investing in a hotel with nearly 600 rooms, acquiring a golf course and buying a superyacht, which has been his…
Read MoreAmazon’s corporate workforce may shrink as AI takes over routine tasks
The company is using GenAI across internal operations to enhance efficiency and customer experience, Andy Jassy says Published Wed, Jun 18, 2025 · 07:47 AM [BENGALURU] Rollout of generative artificial intelligence (AI) and agents will reduce Amazon’s total corporate workforce in the next few years, Andy Jassy, CEO of the online retailer said in a…
Read MoreUS: Stocks drop on growing worries over Middle East
The Fed is expected to keep interest rates steady as it eschews interest rate cuts for now while monitoring the effects of Trump’s tariffs on inflation Published Wed, Jun 18, 2025 · 06:05 AM [NEW YORK] Wall Street stocks fell on Tuesday (Jun 17) after US President Donald Trump hardened his rhetoric on the fighting…
Read MoreAirbus strikes deal for up to 150 planes with VietJet
[PARIS] Airbus struck a deal on Tuesday (Jun 17) to sell up to 150 single-aisle aircraft to Vietnamese budget airline VietJet, as the European planemaker continues to rack up business at the Paris Airshow. The companies said they had signed a memorandum of understanding for VietJet to buy 100 more A321neo planes, with the option…
Read MoreSingapore shares rise even as exports in May fall; STI up 0.6%
[SINGAPORE] Shares on the local bourse ended higher on Tuesday (Jun 17), even as Singapore’s key exports declined 3.5 per cent year on year in May, reversing sharply from April’s surge. The benchmark Straits Times Index (STI) rose 0.6 per cent or 22.18 points to close at 3,930.64. Across the broader market, advancers edged out…
Read MoreThai baht, Taiwan dollar, Korea won most at risk from oil price, Barclays says
Sovereign bonds from Singapore and South Korea would be among the most affected in the event of another 20% spike in oil prices Published Tue, Jun 17, 2025 · 05:36 PM [SINGAPORE] A surging oil price is likely to trigger a depreciation in Asian currencies, notably the Thai baht, Taiwan dollar and Korean won, according…
Read MoreRecord central banks expect gold reserves to rise amid de-dollarisation: survey
[SINGAPORE] A record high number of central banks are expecting a gold buying spree among the reserve managers in the next 12 months, based on data released by World Gold Council (WGC) on Tuesday (Jun 17). Among the 73 central banks polled, some 95 per cent of them indicated that they expect global central banks…
Read MoreJapan’s Nikkei hits 4-month high on Wall Street’s lead
Published Tue, Jun 17, 2025 · 03:25 PM [TOKYO] Japan’s Nikkei share average advanced to a four-month high on Tuesday (Jun 17), tracking overnight Wall Street gains following signs of a potential de-escalation of tensions in the Middle East. Bank shares rose after the Bank of Japan signalled it is still on track to raise…
Read MoreCentral banks favour gold over US dollar for reserves: survey
[LONDON] Central banks around the world expect their gold holdings as a proportion of their reserves to increase over the next five years while expecting their US dollar reserves to be lower, a survey by the World Gold Council (WGC) showed. Gold demand from central banks has risen significantly over the past three years despite…
Read MoreBlackRock says super-rich want private credit as PE returns lag
[NEW YORK] Family offices want more of the private credit boom. More than half of 175 family offices around the world are optimistic about private credit and almost one-third said they intend to increase allocations to the asset this year, the most of any type of alternative investment, according to a survey released on Tuesday…
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